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Author : Laurens Cherchye
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (29 download)
Download or read book The Revealed Preference Approach to Collective Consumption Behavior written by Laurens Cherchye and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Laurens Cherchye
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (837 download)
Download or read book The Revealed Preference Approach to Collective Consumption Behavior written by Laurens Cherchye and published by . This book was released on 2009 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Laurens Cherchye
Publisher : Foundations & Trends
ISBN 13 : 9781601985361
Total Pages : 90 pages
Book Rating : 4.9/5 (853 download)
Download or read book Collective Household Consumption Behavior written by Laurens Cherchye and published by Foundations & Trends. This book was released on 2012-03 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collective Household Consumption Behavior: Revealed Preference Analysis presents a nonparametric `revealed preference' methodology for analyzing collective consumption behavior in practical applications, while possibly accounting for externalities, public consumption and the use of assignable quantity information. Collective Household Consumption Behavior: Revealed Preference Analysis considers two types of collective models: The general collective model considers general preferences of the individual household members, which allow for externalities and public consumption within the household. The special collective models that do not allow for consumption externalities. After the introduction, section 2 sets the stage by introducing the revealed preference characterizations of the unitary model. Section 3 presents a collective model that allows for general individual preferences and discusses its revealed preference characterization. Sections 4 and 5 show how to bring this theoretical characterization to observational data. More specifically, Section 4 introduces the mixed integer programming characterizations for special collective models that impose restrictions on the household members' preferences. Section 5 does the same for the general collective model. Throughout Section 2 to Section 5, the authors illustrate the most relevant concepts by means of numerical examples. In Section 6 we subsequently illustrate our main results for data drawn from the Russian Longitudinal Monitoring Survey.
Author : Amartya Sen
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (5 download)
Download or read book Behaviour and the Concept of Preference written by Amartya Sen and published by . This book was released on 1973 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Christopher P. Chambers
Publisher : Cambridge University Press
ISBN 13 : 1316495434
Total Pages : 241 pages
Book Rating : 4.3/5 (164 download)
Download or read book Revealed Preference Theory written by Christopher P. Chambers and published by Cambridge University Press. This book was released on 2016-01-05 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pioneered by American economist Paul Samuelson, revealed preference theory is based on the idea that the preferences of consumers are revealed in their purchasing behavior. Researchers in this field have developed complex and sophisticated mathematical models to capture the preferences that are 'revealed' through consumer choice behavior. This study of consumer demand and behavior is closely tied up with econometrics (especially nonparametric econometrics), where testing the validity of different theoretical models is an important aspect of research. The theory of revealed preference has a very long and distinguished tradition in economics, but there was no systematic presentation of the theory until now. This book deals with basic questions in economic theory, such as the relation between theory and data, and studies the situations in which empirical observations are consistent or inconsistent with some of the best known theories in economics.
Author : Robert A. Cord
Publisher : Springer Nature
ISBN 13 : 1137568127
Total Pages : 601 pages
Book Rating : 4.1/5 (375 download)
Download or read book Paul Samuelson written by Robert A. Cord and published by Springer Nature. This book was released on 2020-01-07 with total page 601 pages. Available in PDF, EPUB and Kindle. Book excerpt: A significant part of economics as we know it today is the outcome of battles that took place in the post-war years between Keynesians and monetarists. In the US, the focus of these battles was often between the neo-Keynesians at the Massachusetts Institute of Technology (MIT) and the Chicago monetarists. The undisputed leader of the MIT Keynesians was Paul A. Samuelson, one of the most influential economists of the 20th century and arguably of all time. Samuelson’s output covered a vast number of subjects within economics, the quality of theseoften pioneering contributions unmatched in the modern era. The volume focuses both on how Samuelson’s work has been developed by others and on how that work fits into subsequent developments in the various fields of speciality within which Samuelson operated.
Author : Laurens Cherchye
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (839 download)
Download or read book Sharing Rule Identification for General Collective Consumption Models written by Laurens Cherchye and published by . This book was released on 2012 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: We propose a method to identify bounds (i.e. set identification) on the sharing rule for a general collective household consumption model. Unlike the effects of distribution factors, it is well known that the level of the sharing rule cannot be uniquely identified without strong assumptions on preferences across households of different compositions. Our new results show that, though not point identified without these assumptions, bounds on the sharing rule can still be obtained. We get these bounds by applying revealed preference restrictions implied by the collective model to the household's continuous aggregate demand functions. We obtain informative bounds even if nothing is known about whether each good is public, private, or assignable within the household, though having such information tightens the bounds. An empirical application demonstrates the practical usefulness of our method. -- collective model ; consumer demand ; revealed preferences ; sharing rule ; identification ; bounds
Author : Stanley Wong
Publisher : London ; Boston : Routledge & K. Paul
ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.F/5 ( download)
Download or read book The Foundations of Paul Samuelson's Revealed Preference Theory written by Stanley Wong and published by London ; Boston : Routledge & K. Paul. This book was released on 1978 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Good,No Highlights,No Markup,all pages are intact, Slight Shelfwear,may have the corners slightly dented, may have slight color changes/slightly damaged spine.
Author : Stanley Wong
Publisher : Routledge
ISBN 13 : 1134385536
Total Pages : 143 pages
Book Rating : 4.1/5 (343 download)
Download or read book Foundations of Paul Samuelson's Revealed Preference Theory written by Stanley Wong and published by Routledge. This book was released on 2006-01-13 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published over two decades ago, this classic text within the philosophy of economics is a tour de force against revealed preference. It critically examines the research programme carried out by the Nobel Prize winner Paul Samuelson on the revealed preference approach to the theory of consumer behaviour. It also challenges two essential premises: * that the programme has been completed * that the various contributions of Samuelson are mutually consistent. This text contains a new preface by Wong, in which he provides a detailed insight into the origins of his pioneering text, and a new introduction from Philip Mirowski, analyzing the impact The Foundation of Paul Samuelson’s Revealed Preference Theory has had on the discipline of economics as well as explaining why it remains core reading for economists today. The defining statement of economic method, this book will be of interest to economists everywhere.
Author : Martin Browning
Publisher : Cambridge University Press
ISBN 13 : 1107728924
Total Pages : 516 pages
Book Rating : 4.1/5 (77 download)
Download or read book Economics of the Family written by Martin Browning and published by Cambridge University Press. This book was released on 2014-06-05 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: The family is a complex decision unit in which partners with potentially different objectives make consumption, work and fertility decisions. Couples marry and divorce partly based on their ability to coordinate these activities, which in turn depends on how well they are matched. This book provides a comprehensive, modern and self-contained account of the research in the growing area of family economics. The first half of the book develops several alternative models of family decision making. Particular attention is paid to the collective model and its testable implications. The second half discusses household formation and dissolution and who marries whom. Matching models with and without frictions are analyzed and the important role of within-family transfers is explained. The implications for marriage, divorce and fertility are discussed. The book is intended for graduate students in economics and for researchers in other fields interested in the economic approach to the family.
Author : Laurens Cherchye
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (261 download)
Download or read book An Afriat Theorem for the Collective Model of Household Consumption written by Laurens Cherchye and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Timothy P. Roth
Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.F/5 ( download)
Download or read book The Present State of Consumer Theory written by Timothy P. Roth and published by . This book was released on 1987 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lester D. Taylor
Publisher : Springer Science & Business Media
ISBN 13 : 1441905103
Total Pages : 530 pages
Book Rating : 4.4/5 (419 download)
Download or read book Consumer Demand in the United States written by Lester D. Taylor and published by Springer Science & Business Media. This book was released on 2009-11-25 with total page 530 pages. Available in PDF, EPUB and Kindle. Book excerpt: A classic treatise that defined the field of applied demand analysis, Consumer Demand in the United States: Prices, Income, and Consumption Behavior is now fully updated and expanded for a new generation. Consumption expenditures by households in the United States account for about 70% of America’s GDP. The primary focus in this book is on how households adjust these expenditures in response to changes in price and income. Econometric estimates of price and income elasticities are obtained for an exhaustive array of goods and services using data from surveys conducted by the Bureau of Labor Statistics and aggregate consumption expenditures from the National Income and Product Accounts, providing a better understanding of consumer demand. Practical models for forecasting future price and income elasticities are also demonstrated. Fully revised with over a dozen new chapters and appendices, the book revisits the original Houthakker-Taylor models while examining new material as well, such as the use of quantile regression and the stationarity of consumer preference. It also explores the emerging connection between neuroscience and consumer behavior, integrating the economic literature on demand theory with psychology literature. The most comprehensive treatment of the topic to date, this volume will be an essential resource for any researcher, student or professional economist working on consumer behavior or demand theory, as well as investors and policymakers concerned with the impact of economic fluctuations.
Author : Udaya R. Wagle
Publisher : Edward Elgar Publishing
ISBN 13 : 1800882300
Total Pages : 505 pages
Book Rating : 4.8/5 (8 download)
Download or read book Research Handbook on Poverty and Inequality written by Udaya R. Wagle and published by Edward Elgar Publishing. This book was released on 2023-05-09 with total page 505 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covering global, comparative, and single-country contexts, this Research Handbook presents wide-ranging, cutting-edge research on poverty and inequality. It maps out international trends in poverty and inequality and explores the key conceptual and operational frameworks, practical analyses, and policy applications and outcomes.
Author : Daniel S. Hamermesh
Publisher : Emerald Group Publishing
ISBN 13 : 183753604X
Total Pages : 297 pages
Book Rating : 4.8/5 (375 download)
Download or read book Time Use in Economics written by Daniel S. Hamermesh and published by Emerald Group Publishing. This book was released on 2023-12-14 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Time Use in Economics contains original research on new aspects of time use compiled by Daniel S. Hamermesh, a long-time path-breaking labor economist leader in analyzing time use data, and Solomon W. Polachek, a pioneer in gender-related labor market research.
Author : Andrew McMeekin
Publisher : Manchester University Press
ISBN 13 : 1847795528
Total Pages : 360 pages
Book Rating : 4.8/5 (477 download)
Download or read book Innovation by demand written by Andrew McMeekin and published by Manchester University Press. This book was released on 2013-07-19 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: This electronic version has been made available under a Creative Commons (BY-NC-ND) open access license. The structure and regulation of consumption and demand has recently become of great interest to sociologists and economists alike, and at the same time there is growing interest in trying to understand the patterns and drivers of technological innovation. This book brings together a range of sociologists and economists to study the role of demand and consumption in the innovative process. The book starts with a broad conceptual overview of ways that the sociological and economics literatures address issues of innovation, demand and consumption. It goes on to offer different approaches to the economics of demand and innovation through an evolutionary framework, before reviewing how consumption fits into evolutionary models of economic development. Food consumption is then looked at as an example of innovation by demand, including an examination of the dynamic nature of socially-constituted consumption routines. The book includes a number of illuminating case studies, including an analysis of how black Americans use consumption to express collective identity, and a number of demand–innovation relationships within matrices or chains of producers and users or other actors, including service industries such as security, and the environmental performance of companies. The involvement of consumers in innovation is looked at, including an analysis of how consumer needs may be incorporated in the design of high-tech products. The final chapter argues for the need to build an economic sociology of demand that goes from micro-individual through to macro-structural features.
Author : Kelvin Lancaster
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 662 pages
Book Rating : 4.F/5 ( download)
Download or read book Consumer Theory written by Kelvin Lancaster and published by Edward Elgar Publishing. This book was released on 1998 with total page 662 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of 34 articles on consumer theory, giving representative coverage of important ideas in the field. Apart from a few classics from the pre-1950 period, most papers are from the decades of the 1950s, 1960s, and 1970s, with the most recent from 1991. Articles are arranged in sections on foundations of neoclassical theory, revealed preference, utility and rationality, aggregate demand, the structure of preferences, consumption as production, intertemporal choice, durable goods, uncertainty, and special cases. No index. Annotation copyrighted by Book News, Inc., Portland, OR
